AF
Andy F

1 reviews | Active since Jul 2011

22 Nov 2018, 10:40

ABSA Cancel Existing Home Loan - I have to reapply !!!!

I have a homeloan with ABSA in the name of a trust. A couple of months ago I contacted ABSA to confirm whether the loan is an access bond and whether I will be able to add excess funds into the home loan and withdraw it again. ABSA confirmed that I can. I went to ABSA and linked the account to internet banking. and transferred money into the bond. The next moment I get a letter from ABSA via email stating my account reflects a zero balance and that my bond and title deed will be kept by ABSA for safe keeping. I immediately sent an email to the person stating that I did not want to cancel my bond. I got another letter and again sent an email. I then contacted the person who said that they did sent me a physical letter to my house address (Which I did not receive). I told her that and that on my account my only contact method is email. She told me the bond was not a flexi bond (Access Bond) and that I must reaply for the bond to get the funds back.

0
Replies (1)
Absa
Absa's reply22 Nov 2018, 13:29
Official
Dear Customer
 
 Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback once the matter is resolved.
 
 Kind regards
 Claudette Lewis
 Group Customer Care
 Absa Bank Ltd